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TeachMeFinance.com - explain convoy speed convoy speed 'convoy speed' is an military term. It means '(DOD,NATO) For ships, the speed which the convoy commodore orders the guide of the convoy to make good through the water'. Previous 5 Terms: convoy joiner convoy leaver_ convoy loading _ convoy route- convoy schedule - Next 5 Terms: convoy terminal area convoy through escort_ convoy title _ cooperating agency- cooperative logistic support arrangements - Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.